Broadway National Bank v. G & L Athletic Supplies, Inc.

Abbott, J.:

This is an action brought by the plaintiff, Broadway National Bank, to recover certain machinery, equipment and inventory in which it claims a security interest. The trial court held the defendants to be buyers not in the ordinary course of business with priority over Broadway National Bank’s unperfected security interest.

Broadway National Bank (Bank) extended a line of credit to G & L Bowling Supplies, Inc., (G & L) and secured it by taking a security interest in G & L’s equipment and inventory. G & L is a Missouri corporation engaged in the wholesale and retail sale of bowling…